Element Solutions Inc (NYSE:ESI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 15.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,652,940 shares of the company's stock after selling 1,252,317 shares during the quarter. Wellington Management Group LLP owned 2.75% of Element Solutions worth $180,694,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ESI. SG Americas Securities LLC bought a new position in shares of Element Solutions during the 2nd quarter valued at about $1,518,000. Cubist Systematic Strategies LLC bought a new stake in shares of Element Solutions during the 2nd quarter worth $5,668,000. Blue Trust Inc. bought a new stake in shares of Element Solutions during the 2nd quarter worth $613,000. Cerity Partners LLC increased its holdings in Element Solutions by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company's stock worth $4,672,000 after purchasing an additional 49,466 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Element Solutions in the 3rd quarter worth about $1,161,000. Institutional investors own 92.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on ESI shares. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. BMO Capital Markets lifted their price target on Element Solutions from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. Barclays lifted their price objective on Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Wolfe Research raised Element Solutions from a "peer perform" rating to an "outperform" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Element Solutions Price Performance

Shares of NYSE:ESI traded down $0.06 during midday trading on Monday, reaching $27.76. 894,918 shares of the company's stock traded hands, compared to its average volume of 1,357,660. Element Solutions Inc has a 1 year low of $20.74 and a 1 year high of $29.78. The company has a market cap of $6.72 billion, a P/E ratio of 25.39, a PEG ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The company has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $26.43.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. During the same period in the prior year, the company earned $0.36 EPS. The firm's revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, December 2nd. Element Solutions's dividend payout ratio (DPR) is 28.83%.

Element Solutions Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.